I Power Solutions India Ltd
Incorporated in 1997, iPower Solutions India Ltd provides E-business & Internet Solutions[1]
- Market Cap ₹ 11.9 Cr.
- Current Price ₹ 20.1
- High / Low ₹ 23.4 / 16.7
- Stock P/E
- Book Value ₹ 11.0
- Dividend Yield 0.00 %
- ROCE -11.6 %
- ROE -16.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -8.26% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -15.2%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 0.26 | 0.25 | 0.18 | 0.16 | 0.17 | 0.21 | 0.21 | 0.25 | 0.08 | 0.00 | 0.00 | 0.00 | |
| 0.19 | 0.21 | 0.22 | 0.15 | 0.12 | 0.12 | 0.19 | 0.19 | 0.22 | 0.25 | 0.15 | 0.58 | 1.13 | |
| Operating Profit | 0.06 | 0.05 | 0.03 | 0.03 | 0.04 | 0.05 | 0.02 | 0.02 | 0.03 | -0.17 | -0.15 | -0.58 | -1.13 |
| OPM % | 24.00% | 19.23% | 12.00% | 16.67% | 25.00% | 29.41% | 9.52% | 9.52% | 12.00% | -212.50% | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.02 | 0.47 | |
| Interest | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.09 |
| Depreciation | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.07 | 0.01 | 0.00 | 0.00 |
| Profit before tax | 0.01 | 0.02 | 0.00 | 0.01 | 0.01 | 0.03 | 0.00 | 0.01 | 0.02 | -0.25 | -0.16 | -0.62 | -0.75 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 50.00% | -8.00% | 0.00% | 0.00% | |||
| 0.01 | 0.02 | 0.00 | 0.00 | 0.01 | 0.03 | 0.00 | 0.01 | 0.01 | -0.23 | -0.16 | -0.62 | -0.75 | |
| EPS in Rs | 0.02 | 0.04 | 0.00 | 0.00 | 0.02 | 0.07 | 0.00 | 0.02 | 0.02 | -0.52 | -0.36 | -1.39 | -1.52 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -362% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 39% |
| 3 Years: | 40% |
| 1 Year: | 21% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -5% |
| 3 Years: | -8% |
| Last Year: | -17% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 5.90 |
| Reserves | 0.74 | 0.76 | 0.00 | 0.00 | 0.01 | 0.04 | 0.02 | 0.03 | 0.05 | -0.19 | -0.35 | -0.97 | 0.62 |
| 2.32 | 2.32 | 0.00 | 0.00 | 2.73 | 2.72 | 2.70 | 2.71 | 0.00 | 0.10 | 0.25 | 2.14 | 0.04 | |
| 1.24 | 1.18 | 3.49 | 2.88 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.48 | 0.48 | |
| Total Liabilities | 8.75 | 8.71 | 7.94 | 7.33 | 7.20 | 7.22 | 7.18 | 7.21 | 4.51 | 4.37 | 4.36 | 6.10 | 7.04 |
| 1.10 | 1.07 | 0.18 | 0.16 | 0.14 | 0.12 | 0.10 | 0.09 | 0.08 | 0.01 | 0.00 | 4.34 | 2.48 | |
| CWIP | 6.94 | 6.96 | 7.57 | 7.03 | 7.03 | 7.04 | 7.04 | 7.04 | 4.31 | 4.31 | 4.31 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.37 | 2.33 |
| 0.71 | 0.68 | 0.19 | 0.14 | 0.03 | 0.06 | 0.04 | 0.08 | 0.12 | 0.05 | 0.05 | 0.39 | 2.23 | |
| Total Assets | 8.75 | 8.71 | 7.94 | 7.33 | 7.20 | 7.22 | 7.18 | 7.21 | 4.51 | 4.37 | 4.36 | 6.10 | 7.04 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.07 | -0.06 | 0.17 | -0.36 | 0.00 | 0.02 | 0.03 | -0.01 | -0.01 | -0.11 | -0.15 | -0.10 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.40 | |
| 0.07 | 0.06 | -0.17 | 0.15 | -0.13 | -0.01 | -0.03 | 0.02 | 0.02 | 0.10 | 0.14 | 1.83 | |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | -0.21 | -0.13 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | 0.33 |
| Free Cash Flow | -0.07 | -0.06 | 0.17 | -0.36 | 0.00 | 0.01 | 0.03 | -0.01 | -0.01 | -0.11 | -0.15 | -0.13 |
| CFO/OP | -117% | -120% | 567% | -1,200% | 0% | 40% | 200% | -50% | 0% | 65% | 100% | 17% |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 189.80 | 98.27 | 262.80 | 0.00 | 22.81 | 85.88 | 0.00 | 69.52 | 116.80 | 0.00 | ||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 189.80 | 98.27 | 262.80 | 0.00 | 22.81 | 85.88 | 0.00 | 69.52 | 116.80 | 0.00 | ||
| Working Capital Days | 146.00 | 56.15 | 248.20 | -20.28 | 0.00 | 64.41 | 17.38 | 86.90 | 146.00 | 91.25 | ||
| ROCE % | 0.27% | 0.27% | 0.00% | 0.22% | 0.34% | 0.42% | 0.00% | 0.14% | 0.34% | -5.42% | -3.67% | -11.63% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Intangible Assets Held for Sale (Software/Web Portal Monetization) INR |
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| Status of Vanavil.com Portal Operational Status |
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| Employee Count (On Payroll) Number |
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Documents
Announcements
- Closure of Trading Window 25 Mar
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
10 Mar - CFO Suresh Srinivasan resigns effective close of business March 13, 2026, citing personal reasons.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Submission of newspaper advertisement of unaudited financial results for the quarter ended on 31st December 2025.
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Unaudited Financial Results For The Quarter Ended 31St December 2025.
11 Feb - Approved standalone unaudited results for quarter ended 31-Dec-2025; limited review enclosed; loss Rs24.67 lakh.
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Board Meeting Outcome for Board Meeting Outcome For The Board Meeting Held On 11Th February,2026.
11 Feb - Q3 (ended 31-12-2025) unaudited results approved: loss after tax Rs24.67 lakh; limited review attached.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Services Offered:[1]
a) Application and Software Development
Projects.
b) Website Design and Development.
c) Mean Stack / Full Stack Development
for U.S. Clients.
d) Data Science & Machine Learning
Software Development projects of U.S. clients